Northbeam Bookkeeping & Consulting

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Avoiding Data Entry Using .qbo (Web Connect)

Posted by Ron Arant on Wednesday, December 9, 2015, In : QuickBooks 
Did you know that you can import statement/transaction data directly into QuickBooks (they call it "Direct Connect")?
You can, IF your bank allows this. Some charge additional fees, or only allow this for "Business" accounts.

I'm happy that my credit union (BECU) offers this option at no additional charge for both personal and business accounts.
If yours doesn't, there are a couple great options to convert your bank statement into QuickBooks-ready import data:

First, look at what download format...
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QuickBooks Direct Connect for BECU Credit Cards

Posted by Ron Arant on Tuesday, August 19, 2014, In : Bookkeeping 
You may have been surprised to find that QuickBooks will not recognize your Credit Card QBO import (whether using Direct Connect/Bank Feeds) or Importing a Web Connect file downloaded from your bank. This happens with my BECU Visa.

Solution 1 (not good!): in your chart of accounts, change the credit card account to "Other Current Liability". Now you can download/import transactions from the bank, but you can no longer use the "Enter Credit Card Charges" in QuickBooks.

Solution 2 (better):
  1. Downl...

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Northbeam Bookkeeping & Consulting

Beth Mattern and Ron Arant Serving West Seattle and surrounding areas
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